Notable progress in CNP Assurances’ 2023 annual results

CNP Assurances has published its annual results for 2023, highlighting solid performance and a successful diversification strategy. With an attributable net profit of €1,550 million, up 65% compared to 2022, and an SCR coverage ratio of 253%, the group displays robust financial health. Despite a 4% drop in premium income to €35.6 billion, the company highlights effective execution of its strategic initiatives and resilience in the face of economic changes.

The group also highlighted its positive contribution to environmental and social issues with green investments of €27.2 billion and a carbon footprint of its investment portfolio reduced by 14%. Commitment to gender equality and well-being at work is reflected in remarkable scores, highlighting the successful integration of responsible practices into its operations.

At the heart of CNP Assurances' strategy is product innovation and accessibility, with nine products aimed at improving access to insurance for vulnerable populations, covering 895,000 policyholders. The revealing results note the effectiveness of diversification and focus on sustainable growth.